Light Snow Fog/Mist
17°FLight Snow Fog/MistFull Forecast

U.S. manufacturing grew more slowly in March

Published: Monday, April 1, 2013 1:34 p.m. CST • Updated: Monday, April 1, 2013 1:49 p.m. CST

WASHINGTON – A survey shows U.S. manufacturing activity expanded more slowly in March than February, held back by weaker growth in production and new orders. But factories hired at the fastest pace in nine months, an encouraging sign ahead of Friday’s report on March employment.

The Institute for Supply Management said Monday that its index of factory activity slipped to 51.3 percent. The index fell from 54.2 percent in February, which was the fastest growth since June 2011.

A reading above 50 indicates expansion. The index has signaled growth for four straight months. But the drop in March growth was bigger than economists expected.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

More News

Reader Poll

How long do you think it will be before the Bears reach a Super Bowl?
In the next three seasons
In the next four to five seasons
In the next six to 10 seasons
In more than 10 seasons